As discussed elsewhere there are a *lot* of available pilots on the market and nobody says easyJet needs more British cadets who don't speak Spanish or Italian (countries where easyJet is likely to expand) and only speak English (the UK market is likely to contract).
Look at the situation in Spain regards pilots already unemployed:
LTE, bankrupt, approx 110 pilots airbus
Girjet, bankrupt, approx 85 pilots airbus, boeing, fokker 100
Futura, bankrupt, approx 400 pilots, boeing
Gadair, ???, approx 16 pilots, boeing
Hola, ???, 75% laid off, boeing
LagunAir, bankrupt, 35 pilots, embraer
Air Comet, on the verge, 400 plus pilots, airbus, legacy
Spanair, talking about further layoffs, airbus, mc donnell douglas
Air Nostrum, lay offs, 180 approx, canadair, fokker, atr
CTC cadets *may* be preferable over locally recruited experienced pilots. I really wouldn't know. But I'm guessing the experienced and sometimes type rated locals would crawl over broken glass to get a job with the likes of Ryanair and easyJet at their Spanish bases. They might be happy to undercut cadets is that's even unhumanly possible.
Unchartered waters.
Taking on £75,000 of time expiring training debt is a pure gamble at this time.
WWW